Latest Financial industry regulation News
Justice Dept. weighs in on 2020 election robocall suit
NEW YORK (AP) — The U.S. Justice Department has weighed in on a civil lawsuit against two conservative political operatives accused of using robocalls to dissuade Black voters from taking part in the 2020 election. The department said Friday that defense lawyers for the two men...
Inflation Reduction Act may have little impact on inflation
WASHINGTON (AP) — With inflation raging near its highest level in four decades, the House on Friday gave final approval to President Joe Biden's landmark Inflation Reduction Act. Its title raises a tantalizing question: Will the measure actually tame the price spikes that have inflicted hardships...
Three Chinese corporate giants leaving NY stock exchange
BEIJING (AP) — Three state-owned Chinese corporate giants announced plans Friday to remove their shares from the New York Stock Exchange, adding to a growing financial separation between the biggest global economies in the midst of a dispute over scrutiny of company audits. ...
State courts say no COVID-19 loss insurance for restaurants
COLUMBIA, S.C. (AP) — The South Carolina Supreme Court said Wednesday that a sports bar chain could not recoup damages from its insurance policy over the COVID-19 pandemic and subsequent shutdown. The ruling in Sullivan Management, LLC v. Fireman’s Fund Insurance Company is the...
Editorial Roundup: South Dakota
Yankton Press & Dakotan. August 9, 2022. Editorial: Insulin Cap: Why Is There Resistance? What’s the argument against capping the price of insulin for people with private insurance? It’s a timely question amid the negotiations over the...
Security firm finds flaws in Indian online insurance broker
NEW DELHI (AP) — Last month, a cybersecurity startup told a major Indian online insurance brokerage it had found critical vulnerabilities in the company’s internet-facing network that could expose sensitive personal and financial data from at least 11 million customers to malicious hackers. ...
Senate Democrats pass budget package, a victory for Biden
WASHINGTON (AP) — Democrats pushed their election-year economic package to Senate passage Sunday, a hard-fought compromise less ambitious than President Joe Biden’s original domestic vision but one that still meets deep-rooted party goals of slowing global warming, moderating pharmaceutical...
Dems' climate, energy, tax bill clears initial Senate hurdle
WASHINGTON (AP) — Democrats pushed their election-year economic bill toward Senate approval early Sunday, starting the sprawling collection of President Joe Biden’s priorities on climate, energy, health and taxes on a pathway that the party hopes will end in final congressional passage by the...
EXPLAINER: Why is insulin so expensive and difficult to cap?
Washington (AP) — Reining in the soaring prices of insulin has thus far been elusive in Congress, although Democrats say they'll try again — as part of their economic package that focuses on health and climate. The price of the 100-year-old drug has more than tripled in the last...
New crypto oversight legislation arrives as industry shakes
WASHINGTON (AP) — After 13 years, at least three crashes, dozens of scams and Ponzi schemes and hundreds of billions of dollars made and evaporated, cryptocurrencies finally have the full attention of Congress, whose lawmakers and lobbyists have papered Capitol Hill with proposals on how to...
